Question: Use the information below to answer this question and the next question. Pikus Corporation makes a product that has the following direct labor standards: Standard

Use the information below to answer this question and the next question.

Pikus Corporation makes a product that has the following direct labor standards: Standard direct labor hours ........... 0.2 hours per unit Standard direct labor rate ............... $15 per hour

In January the company's budgeted production was 3,400 units, but the actual production was 3,500 units. The company used 640 direct labor-hours to produce this output. The actual direct labor cost was $8,960.

The labor efficiency variance for January is: A. $840 U B. $900 U C. $840 F D. $900 F

Group of answer choices

Using the information provided in the previous question, the labor rate variance for January is:

A. $700 F B. $640 U C. $640 F D. $700 U

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